When in 2004, Juan Diego Gomez, a renowned financial youtuber and best selling book author founded the “Better Invest channel; only 100 people a day saw his videos. Now this figure is over 70,000. In addition videos have more than 60 million views and the channel has 553,000 subscribers.
Gomez’s career, before venturing as youtuber, was already successful. This Antioquian, born in Medellin, studied administration. Finance in Eafit, was a broker in the Stock Exchange, served as planning manager of professor of universities such as Antioquia or the Bolivarian Pontifical, among others, and even columnist of Newspapers such as El Colombian and La Republican. Continue reading “How to achieve economic success?”
Have you considered what would happen to your money if you bankrupt the financial institution where you have it saved? However, it is best to be cautious. Yes, it is very difficult to have a financial bankruptcy. We are not immune to crises and sometime could happen either through mismanagement because the financial situation the country is going through a bad time. That’s why it’s important to be clear on how you can protect your savings or investments and what you can do in any given case.
But do not worry, you will not have to allocate another part of your income to pay for insurance that will back your money. To that end, a state entity was assigned the task of helping to protect its deposits. Fund of Guarantees of Financial Institutions is the financial authority attached to the Ministry of Finance and Public Credit that is part of The Security Network of the Colombian Financial System. This entity aims to protect the savings of citizens deposited in different financial institutions. Continue reading “Everything you need to know about insurance”
New graduates should remember that no matter what job you choose today, you would develop skills and create long-term options.
Do not worry about your first job
Graduates, take note: Few people start their working life in the right place, so do not stress about your first job when you leave college, chances are you will not predict your future career, income or career path.
Instead of looking for the perfect job, look for these three things:
- Opportunities to learn whatever job you take, you must acquire new skills and experience.
- Enough money you do not have to be a banker. Watering is perfectly respectable if it gives you the time and flexibility to do what matters.
- Possibilities to contribute everyone want to have a sense of purpose. Find a position that allows you to be a force for good. If you cannot find a job that fits perfectly, do volunteer work in your spare time in the meantime.
Deliberate, large-scale reach is the only sure path to victory when it comes to using your networks as part of a job search and finding new opportunities.
To find a job
The best way to find a job is through your networks. However, do not limit your reach to close friends and current co-workers. Try to reach people beyond your immediate circle.
Here are three steps to do it:
- Define your network in broader terms. You have more contacts than you think. Consider classmates, colleagues, old customers and acquaintances of the community. When you make a contact, ask to introduce yourself to others.
- Take conversations as learning opportunities. Discuss meetings as conversations, not interviews. Ask about more jobs.
This generation, which is becoming the largest economic force, directly faces the challenges of the new millennium economy. How are millennials being prepared? Millennials or Generation Y, as they are also known, is those who became adults or are young adults at the beginning of the new millennium. They have experienced the effects of economic crises such as 2008 or the fall in oil prices have different consumption habits and financial education.
Unlike Generation X, those born after 1965 and until the mid-1980s, and baby boomers, born between 1946 and 1965, millennials are digital natives. For them the management of technology is a natural behavior in their lives, they spend more time on the internet than watching television. Continue reading “What are the Millennials financial challenges?”
After reaching up to 22 pesos, the dollar is reducing its price, although it is not known how much it will fall, was something that the analysts already foresaw. However, in a globalized world we will have many similar episodes in the exchange rate the famous rises and falls, and this harms many, including travelers or who thought to study abroad for example.
According to Patricia Arroyo, product manager this alternative is designed for people who plan to spend in dollars, allows them to protect their money from the swings of the exchange rate, is an option to diversify their investments. While it is not a question of speculating on the exchange rate, this option serves those who are contemplating going abroad doing a master’s degree or for those who know they will have a dollar spend explains Patricia Arroyo. Continue reading “Do you want to invest in dollars?”
It is said that in times of uncertainty is when opportunities appear. Apparently, this is what is happening in the Colombian local stock market where some species as they are also called the shares technically in the specialized ‘slang’ listed on the Stock Exchange of Colombia (BVC) Are below their ideal price so they remain true ‘bargains’ for ordinary citizens.
The expected national economic recovery remains a matter of divided opinions among analysts. Anyway, for the average person this is a good time to invest in the capital market. The shares are cheap it is a profitable alternative because the natural person is not charged the tax on profits, as long as the ceilings that are in the tax reform are not exceeded. In addition, according to each investor profile there are different ways to enter the market. Continue reading “Is it a good time to invest in stocks?”
The budgets of most people revolve around three things: food housing and transportation. You must set aside a percentage of their salary to cover these costs and any debt payments or loans, must decide what priority you assign to savings household expenses professional expenses and entertainment.
Take a specific time
Once you decide what you need to buy, such as a specific item or a new computer, for example, allow a specific time to make the purchase. You want to get the best price comparing items but you should not waste precious time on many options. Probably your instinctive reaction will be the best decision.
Continue reading “Effective ways to improve your budget
Undoubtedly, you have heard of the ‘ant expenditure’ that little by little leaves you without a fortnight. It’s no surprise that 50% of Mexicans spend always sometimes on things that were not planned or out of their budget according to the National Survey of Financial Inclusion 2015, released the year Passed by the National Institute of Statistics and Geography.
Personal finance experts and the National Commission for the Protection and Defense of Financial Services Users agree that this small but recurrent expenditure can exceed 10% of your income, leaving you out. The key is to be aware of this expense quantify it consider it in the fortnightly budget and not exceed it. The fact that it is so small does not make it important says Leticia Armenta a research professor at the Monterrey School of Economics at the campus. Continue reading “How to throw away your money”
This is the main doubt that the savers have. The fixed term deposits deposits and funds guaranteed best sellers some time ago that no longer a profitable investment since most exceeds inflation which have raised prices in 2016, so these savings have devalued. The situation in which the savers are in the first quarter of 2017 is as follows:
Deposits nonexistent due to zero profitability Longer-term deposits already pay the same as accounts, below 0.10%. In the auction of February 2017 to invest in Treasury bills to 12 months had to pay a 0,332%, that is to say the profitability was negative. In addition, more than 5,000 million were placed. The Treasury sets new minimum bill auction on 9 and 12 months. We must bear in mind that these returns have been obtained with oscillations and after a few Major declines in the first quarter of 2016. Continue reading “Where to invest my money in 2017?”
The collection of monthly or periodic interest has been one of the reasons for the success of deposits where more than half of our savings are in accounts or fixed-term deposits. Savers only had to worry about renewing their deposit at maturity. In case they were not satisfied with the new interest offered by their entity change banks make a transfer contract a fixed term tax more profitable wait for a year or 13 months and collect interest. In the case of deposits or fixed term deposits you must always deduct 19% or 21% of the withholding tax on interest received.
To know our real profitability we must take into account the effect of the price increase that makes our savings lose value. In the years, 2014 and 2015 inflation was negative that is to say due to the effect of the drop in the price of gasoline there was no rise in prices. Since last year the trend is to raise prices again. Continue reading “Get a monthly salary with your savings”